Market in Asia were broadly lowere with Shanghai B shares down 7.3%.

The Nikkei dropped 1% to 9,402. Japan Air hit a record low.

The Hang Seng was down 1.5% to 22,423. The Bank of China was down 4.4%

The Shanghai Composite fell 3.5% to 3,224.

At the open in Europe, the FTSE was off .8% to 5,311. BHP Billiton (NYSE:BHP) was down. The Dax fell .9% to 5,750. The CAC 40 dropped 1.1% to 3,773.

Data from Reuters and MarketWatch.

Douglas A. McIntyre